Insider Buying: Firan Technology Group (TSE:FTG) Director Purchases C$18,411.00 in Stock

Firan Technology Group Co. (TSE:FTG) Director Christine Forget bought 950 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of C$19.38 per share, with a total value of C$18,411.00. Following the completion of the transaction, the director directly owned 950 shares of the company’s stock, valued at C$18,411. This represents a ∞ increase in their position.

Firan Technology Group Stock Down 3.4%

FTG opened at C$20.28 on Friday. The stock has a market cap of C$510.51 million, a PE ratio of 34.37 and a beta of 2.15. The company has a quick ratio of 1.53, a current ratio of 2.66 and a debt-to-equity ratio of 26.70. Firan Technology Group Co. has a 52 week low of C$9.78 and a 52 week high of C$26.63. The business’s fifty day simple moving average is C$23.27 and its 200 day simple moving average is C$21.19.

Firan Technology Group (TSE:FTG) last issued its quarterly earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. Firan Technology Group had a return on equity of 15.33% and a net margin of 7.46%.The firm had revenue of C$52.73 million during the quarter. As a group, research analysts expect that Firan Technology Group Co. will post 0.4199717 earnings per share for the current fiscal year.

Analyst Ratings Changes

FTG has been the subject of several research reports. ATB Cormark Capital Markets set a C$30.00 target price on Firan Technology Group and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Raymond James Financial lifted their price target on shares of Firan Technology Group from C$24.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$30.00.

About Firan Technology Group

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.